by our College Data Analytics TeamMany students will not be asked to pay the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The sum total of attendance at University of Louisiana at Monroe can sound overwhelming, but bear in mind that many students get some type of financial aid.
Just what financial aid solutions can ULM deliver, and just what are you going to be eligible for? Keep reading for answers. Keep going to find out what amount of financial assistance will be accessible to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. The information provided on this page can help you determine how much aid you may receive from University of Louisiana at Monroe.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
For incoming first-year students at University of Louisiana at Monroe, 98% of the incoming full-time class was awarded financial aid approximately 1002 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 95% | $13,338 |
| Institutional grants & scholarships | 80% | $6,404 |
| Federal Pell grants | 51% | $6,043 |
| State/local grants | 77% | $5,579 |
| Federal student loans | 48% | $5,275 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At ULM, roughly 64% of undergraduates were awarded an average grant or scholarship of $11,058 (across roughly 4164 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 64% | $11,058 |
| Federal Pell grants | 35% | $5,752 |
| Federal student loans | 35% | $6,491 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $11,466.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $9,680 |
| $30,001 – $75,000 | $10,846 |
| Over $75,000 | $15,410 |
Each figure is the net price after grants and scholarships, not the published sticker price.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $13,466 |
| Off-campus title-IV students | $11,633 |
For an estimate tailored to your family circumstances, see ULM’s official net price calculator: webservices.ulm.edu/price_calculator/npcalc.htm.
The median federal debt load at ULM comes to $15,000 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $15,000 |
| Median federal debt (graduates only) | $21,500 |
| Typical 10-year monthly payment (graduates) | $227.94/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
The numbers below show the full range, not just the middle of the distribution. Use the percentiles below to see the debt range at ULM.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $5,500 |
| 75th percentile | $22,500 |
| 90th percentile (highest-debt students) | $32,461 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $14,959 |
| Middle income | $15,250 |
| High income | $14,599 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $15,000 |
| Continuing-generation students | $14,000 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $14,250 |
| Independent students | $18,600 |
A handful of calculated indicators summarize the debt outlook at ULM.
Most undergraduate borrowing runs through the federal Stafford loan program. These figures summarize annual Stafford program activity at ULM:
| Metric | Value |
|---|---|
| Stafford loan recipients | 32488 |
| Total Stafford loan amount | $789,058,463 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 66 |
| Total GI Bill amount | $556,804 |
| Average GI Bill amount per recipient | $8,436 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 8 |
| Total DoD amount | $30,586 |
| Average DoD amount per recipient | $3,823 |
References
More about our data sources and methodologies.